Archive for June 20th, 2009

Central Bank Watch

Colombian and Mexican Rate Cuts

June 20, 2009

Central banks in Colombia and Mexico each cut their policy rate on Friday by 50 basis points.  The consensus of analysts had anticipated somewhat smaller reductions, and Colombian officials indicated an intent not to cut further in the near term. Colombia intervention has been halved to an 11-year low of 4.5% from 9% prior to […] More